Discussing premarket activity, highlighting Oracle’s significant gain of over $12, which will help sell positions over $150. Explaining that while Monday seemed like a positive day, most major indexes, including the Dow, S&P 500, Nasdaq, and TSX, experienced an inside day—a pause in market activity. The VIX showed indecision, and a close below 17.04 today would be bullish for short-term traders.
Commodities showed mixed signals, with crude oil and gasoline having inside days, while natural gas pulled back. Nvidia (NASDAQ:NVDA), Palantir (NYSE:PLTR), and Tesla (NASDAQ:TSLA) had inside days in stocks, while Nio continued to rise. In the TSX market, energy stocks underperformed, while financials like Manulife (TSX:MFC) and TD Bank (TSX:TD) reached new highs. Caution despite Monday’s gains, awaiting a break above Friday’s high for new market signals.
This content was originally posted on the Stock Market Timing YouTube Channel